IndiGo Ranks as World’s Third Largest Airline: Market Cap Hits Rs 1.47 Lakh Crore, Surpassing Southwest Airlines
According to the market capitalization, IndiGo has become the world’s third-largest aviation company. Its market capitalization has reached $17.6 billion (approximately ₹1.47 lakh crore), surpassing Southwest Airlines.
In the global airlines list, Delta Air Lines, based in the United States, holds the first position. Its market capitalization is $30.4 billion (around ₹2.53 lakh crore). Following Delta, Ryanair ranks second with a market capitalization of $26.5 billion (₹2.16 lakh crore).
Last year, IndiGo was ranked 14th in the list. In March of last year, according to IndiGo’s market capitalization, it ranked 14th in the global airlines list. IndiGo surpassed United Airlines in December 2023 and lagged behind both Air China and Singapore Airlines in January and February of this year, respectively.
In the last six months, the company’s shares have increased by more than 50%. The company’s shares have witnessed a growth of 102.55% in the last year. In the last six months, it increased by 50.25%, in one month by 18.25%, and from January 1st until now, it has increased by 27.78%. Today, on March 10th, it closed at Rs. 8,306, reflecting an increase of 4.73%.
In the Indian aviation market, IndiGo holds a 60.2% share, according to recent data from the Directorate General of Civil Aviation (DGCA). Following Air India, which holds a 12.2% share based on passenger numbers, the Tata Group-operated airlines collectively hold a 28.2% share.
